To improve social welfare, we will:

• Dedicate one percent of the gross proceeds of all sales and re-sales, in perpetuity, to the Loreto Bay Foundation to assist with local social and community issues.

Loreto Bay Foundation (LBF)
The Loreto Bay Foundation was established to support and fund local projects in the community of Loreto, Baja California Sur and in the Loreto Bay National Marine Park. The foundation completed the design and research phases in 2005. Dr. Mark J. Spalding is the Foundation's executive director and he handles all aspects of Foundation management. Mark's background as the President of the Ocean Foundation is valuable to the marine research component of the Loreto Foundation. He has held several preliminary meetings with local NGOs and Agencies to better understand things in Loreto.  The staff of Loreto Bay Company, Loretanos and other individuals have been generous in communicating with Mark about community concerns and needs. With the launch of the Foundation the community of Loreto and the Loreto Bay National Marine Park have a dedicated funding source that stretches decades into the future. The town of Loreto and Loreto Bay National Marine Park offer us a heritage that is rich in history and the resources on which so much of the region depends.

In 2005, time was spent talking to people in the town of Loreto to research quality of life issues and existing infrastructure. Key community leaders, especially non-profit representatives, were interviewed to assist in the research to identify potential grantees to be inaugural recipients at the official launch of LBF.

As of June 2007, over $3 million has been dedicated to the Foundation, which it will receive incrementally as home payments are received by the company.  The total amount received thus far is $995,119.30.  Grants awarded in 2006 exceeded $600,000.  Detailed information on the many community organizations and projects supported can be found in the Loreto Bay Foundation’s 2006 Annual Report (download here).